operational oil rigs worldwide. By 2026, the market is expected to reach 56.97 billion U.S. dollars, of which drillships would account for 50.7 percent.
Offshore drilling is the extraction of oil and gas using drillships, semi-submersibles, jackups, or floaters. Offshore rigs only account for some 15 percent of all Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars)
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PR Newswire. (April 16, 2020). Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved April 19, 2024, from https://www.statista.com/statistics/737373/global-offshore-drilling-market-size/
PR Newswire. "Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars)." Chart. April 16, 2020. Statista. Accessed April 19, 2024. https://www.statista.com/statistics/737373/global-offshore-drilling-market-size/
PR Newswire. (2020). Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: April 19, 2024. https://www.statista.com/statistics/737373/global-offshore-drilling-market-size/
PR Newswire. "Market Value of Offshore Oil Drilling Worldwide in 2018 and 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Apr 2020, https://www.statista.com/statistics/737373/global-offshore-drilling-market-size/
PR Newswire, Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/737373/global-offshore-drilling-market-size/ (last visited April 19, 2024)
Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars) [Graph], PR Newswire, April 16, 2020. [Online]. Available: https://www.statista.com/statistics/737373/global-offshore-drilling-market-size/